UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 30, 2015

 

 

Dominion Resources Black Warrior Trust

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-11335   75-6461716

(State or other jurisdiction

of incorporation)

  

(Commission

File No.)

  

(IRS Employer

Identification No.)

 

Royalty Trust Management

Southwest Bank

2911 Turtle Creek Boulevard

Dallas, TX

   75219
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (855) 588-7839

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Section 8 - Other Events

 

Item 8.01 Other Events.

On December 30, 2015, Dominion Resources Black Warrior Trust issued a press release announcing updated information on the bankruptcy proceedings of Walter Energy, Inc., as previously announced in the press releases issued on July 28, 2015, August 19, 2015, September 16, 2015 and November 19, 2015. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Section 9 - Financial Statements and Exhibits

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit
No.

   

Description

99.1    Press Release dated December 30, 2015, issued by Dominion Resources Black Warrior Trust

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

        DOMINION RESOURCES BLACK WARRIOR TRUST
Date: December 31, 2015             By:   Southwest Bank, in its capacity as trustee of Dominion Resources Black Warrior Trust and not in its individual capacity or otherwise
            By:  

/s/ Tod Miller

      Tod Miller
      Executive Vice President

EXHIBIT INDEX

 

Exhibit
No.

   

Exhibit

99.1    Press Release dated December 30, 2015, issued by Dominion Resources Black Warrior Trust


Exhibit 99.1

DOMINION RESOURCES BLACK WARRIOR TRUST RELEASES UPDATED

INFORMATION ON WALTER ENERGY, INC. BANKRUPTCY PROCEEDINGS

DALLAS, TEXAS, December 30, 2015… As previously announced, Southwest Bank, the trustee of the Dominion Resources Black Warrior Trust (NYSE: DOM) (the “Trust”) was informed by Walter Energy, Inc., the parent of Walter Black Warrior Basin LLC (the “Company”), that it, together with certain of its subsidiaries and affiliates, including the Company (“Debtors”) filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code (the “Bankruptcy Code”) with the United States District Court for the Northern District of Alabama Southern Division (the “Bankruptcy Court”) on July 15, 2015 and that it has an agreement with lenders regarding a pre-negotiated restructuring plan. There have been several rulings related to the bankruptcy proceedings as disclosed by the Trust in Current Reports on Form 8-K filed with the Securities and Exchange Commission on each of August 19, 2015, September 16, 2015 and November 20, 2015.

On October 2, 2015, the Debtors filed a motion to reject certain “executory contracts” between the Debtors and the Trust. The Debtors sought to reject three agreements: (i) the overriding royalty conveyance recorded in Deed Book 1181 and Page 644 on June 30, 1994 in Tuscaloosa County, Alabama, (ii) the Trust Agreement and (iii) the Administrative Services Agreement (collectively, the “Dominion Agreements”). In the Bankruptcy Court’s order dated December 28, 2015, the Bankruptcy Court cited that agreements may be rejected under section 365 of the Bankruptcy Code if they are “executory.” The Bankruptcy Court stated that the Dominion Agreements are executory contracts and ruled that the Dominion Agreements are rejected under section 365 of the Bankruptcy Code. The Trustee continues to evaluate legal options with respect to the Trust.

Contact:

Ron Hooper

Senior Vice President

Southwest Bank, Trustee

Toll-free – 1-855-588-7839

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